Saudi Arabia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Saudi Arabia

The Saudi market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021, falling by -8.8% against the previous year. In general, consumption faced a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Saudi Arabia

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Saudi Arabia

After two years of decline, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 14% to X tons in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 265% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of 251% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Saudi Arabia, accounting for a 35% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the United States exceeded the volume sent to the second major destination, Italy (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.3% per year) and Bangladesh (+37.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Saudi Arabia, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Greece, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.2% per year) and Greece (+35.6% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 45% against the previous year. In general, the export price, however, showed a slight downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+65.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Saudi Arabia

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), India (X tons) and Denmark (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Saudi Arabia, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +34.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Saudi Arabia were South Korea ($X), India ($X) and Denmark ($X), together comprising 72% of total imports.

In terms of the main suppliers, India, with a CAGR of +24.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 36% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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